“The growing popularity and competitive importance of deposit-taking ATMs and recycling ATMs has prompted ATMIA to develop new security best practices to protect these machines from a variety of potential attack vectors,” Mike Lee, CEO of ATMIA, stated.

The best practices were compiled for ATMIA’s ATM Security Forum by top ATM security expert, Douglas Russell of DFR Risk Management, and then reviewed by the association’s advisory Security Council.

“ATMIA has been working towards an E2E lifecycle security approach to protecting ATMs since 2003 and this latest manual in our best practice library looks at protecting ATMs which can take cash deposits or which are fully cash recycling,” Lee added.

The manual outlines the risks faced by deposit machines, including fake machines, fraudulent and empty envelope deposits, fishing and removal of envelop deposits, cash-out trapping, counterfeit deposits and even more sophisticated kinds of attack, such as manipulation of the currency template, and then recommends commensurate risk mitigation measures.

ATMIA is the leading non-profit trade association representing the entire global ATM industry. ATMIA serves more than 10,500 members from over 650 participating companies in 67 countries spanning the whole ATM ecosphere, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a plethora of ATM service and value-added solution providers. ATMIA provides education, advocacy and connections to help its members keep abreast of industry news and developments; increase knowledge and professionalism; improve operational efficiencies; understand and influence regulatory processes; participate in the local, regional and global ATM community; and forge new relationships to advance their businesses. Founded in 1997, ATMIA has active chapters in the United States, Canada, Europe, Latin America, Asia-Pacific, Asia, Africa, India and the Middle East focusing on the unique needs and issues of each region. For more information, please visit atmia.com. Follow us on LinkedIn, Twitter or YouTube.

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